Blog - Page 5070

Neosis wins double Microsoft awards

Published on

Logicom subsidiary Noesis received the prestigious “East Mediterranean Partner of the Year” and the “New Customer Generation” awards at the recent Microsoft Worldwide Partner Conference. The Microsoft awards for Business Solution Partners constitute recognition of great achievement, acknowledging outstanding results and reinforcing extraordinary performance. The East Mediterranean Partner of the Year award honours a single

More

All change at the UN Security Council?

Published on

Reform of the UN Security Council is moving up the agenda, with a meeting between four large non-SC members and the president of the UN General Assembly in New York on Sunday. Germany, India, Japan and Brazil form the so-called G4 group which is pushing for permanent representation on an enlarged the Security Council. At

More

Turkish Cypriot Chamber proposes full free-trade area

Published on

Scrap the direct trade regulation The Turkish Cypriot Chamber of Commerce (KTTO) has proposed scrapping the stalled direct trade regulation that would lift restrictions on trade in Turkish Cypriots goods, in favour of a free trade zone of the European Economic Area that would incorporate the whole island of Cyprus as well as Turkey. “The

More

Private universities bill passes

Published on

Parliament voted through a bill allowing the establishment of private universities during its last session before the summer recess, which will allow at least three colleges to become universities from 2006. The new universities should have at least 1500 students with a minimum of 400 students required in the first year. A suggestion by AKEL

More

Deputies give themselves lavish pay hike

Published on

At a time when the public is being called to tighten belts and implement the government’s austerity plan, the President, government ministers and deputies decided to give themselves lavish pay increases. The decision was passed at the last minute during the House session before its summer recess. Earlier, the controversial bill cruised through a House

More

New Issue of 4,25% bonds

Published on

The Central Bank of Cyprus announced a new issue of up to CYP 12 mln Government Registered Development Stock with three years maturity and interest at 4,25% p.a. The interest, which is payable every six months, is exempted from income tax without any limitation but is subject to 3% Defence Tax Contribution. The new stock

More

CB tells Snoras to wait

Published on

The Central Bank has decided to postpone evaluating a request by the Lithuanian Snoras Bank, seeking permission to buy a controlling stake in Universal Bank pending the outcome of a court fight between the Bank’s majority owner Universal Life Insurance Co. with Bank of Cyprus. Snoras had requested Central Bank permission before submitting a bid

More
1 … 5,068 5,069 5,070 5,071 5,072 … 5,202